{"id":31670,"date":"2023-01-19T15:25:33","date_gmt":"2023-01-19T09:55:33","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=31670"},"modified":"2023-01-19T15:25:33","modified_gmt":"2023-01-19T09:55:33","slug":"is-lic-aao-a-government-job","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/is-lic-aao-a-government-job\/","title":{"rendered":"Is LIC AAO a Government Job?"},"content":{"rendered":"\n

As per the official notification, LIC AAO (Generalist) Prelims exam will take place on February 17, 2023. A lot of aspirants will be applying for the 300 vacancies of LIC AAO (Generalist). Many of the aspirants have the question in their mind if LIC AAO is a government job or not<\/strong>. Can it be compared to SSC CGL or other central government jobs? In this article, we will be answering all your queries related to LIC AAO job. Let\u2019s first know more about LIC.<\/p>\n\n\n\n

About LIC<\/h2>\n\n\n\n

LIC (Life Insurance Corporation of India) is the largest insurance provider in India. It is a state-owned insurance group. The Life insurance Corporation of India was founded on September 1, 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India.<\/p>\n\n\n\n

Take a Free Mock of LIC AAO- Know Your All India Rank<\/a><\/h2>\n\n\n\n

So is LIC AAO a Govt. Job or not?<\/h2>\n\n\n\n

So, basically LIC is a Public Sector Undertaking in which Government of India has 96.5% stake. Technically speaking, it is not a central government organization<\/strong>. Recently, there were talks of disinvesting the government\u2019s stake in LIC further but there is no news of an LIC FPO coming for at least 1 year. So, a job at LIC AAO will imply working for a public sector undertaking whose complete stake is with the central government as of now. So, the answer is no, it\u2019s not a central government job. It\u2019s actually a public sector undertaking job where LIC has got its own rights through its Board of directors, in terms of service conditions and benefits of the employees.<\/p>\n\n\n\n

LIC AAO Salary<\/h2>\n\n\n\n

Now that you know whether LIC AAO is a public sector undertaking job, let\u2019s have a look at the salary structure of an LIC AAO. The basic pay of an LIC AAO is Rs. 53,600\/- per month provided by the corporation in the scale of Rs. 53600- 2645(14) \u201390630\u2013 2865(4) \u2013102090 and other admissible allowances as per rule. This means the initial Basic Pay of LIC AAO is Rs 53,600 per month. There is an annual increment of Rs 2645 for the next 14 years. Basic Pay after 14 years will be Rs 90,630. Then there will be an annual increment of Rs 2865 for the next 4 years. Basic Pay after the next 4 years will be Rs 1,02,090.<\/p>\n\n\n\n

Take a Free Mock of LIC AAO- Know Your All India Rank<\/a><\/h2>\n\n\n\n

In addition to the Basic Pay, there are other allowances (mentioned below) which are calculated as a percentage of the Basic Pay based on the location of posting. The total LIC AAO salary is the sum of the Basic Pay and these allowances. Total emoluments of Rs 92,870\/- per month will be provided in an \u2018A\u2019 Class city at the minimum of the scale inclusive of House Rent Allowance, City Compensatory Allowance etc. The rate of allowances will depend upon the classification of the city.<\/p>\n\n\n\n

LIC AAO Allowances<\/h2>\n\n\n\n

The allowances which an LIC AAO is eligible are below:<\/p>\n\n\n\n